Home Business & Finance SK Hynix Shares Drop in Seoul After Much-Hyped US Trading Debut
Business & Finance

SK Hynix Shares Drop in Seoul After Much-Hyped US Trading Debut

SK Hynix Shares Drop in Seoul After Much-Hyped US Trading Debut
Key Points

SK Hynix Shares Drop in Seoul After Much-Hyped US Trading Debut SK Hynix Inc. shares declined in Seoul on Monday after the memory chipmaker’s highly anticipated US trading debut. The stock fell 8.4% on Korea Exchange, weighing on the benchmark Kospi. That came after its American depositary receipts climbed 13% Friday, on follow-on demand following the largest first-time share sale by a foreign company in history.

SK Hynix Shares Drop in Seoul After Much-Hyped US Trading Debut SK Hynix Inc. shares declined in Seoul on Monday after the memory chipmaker’s highly anticipated US trading debut. The stock fell 8.4% on Korea Exchange, weighing on the benchmark Kospi. That came after its American depositary receipts climbed 13% Friday, on follow-on demand following the largest first-time share sale by a foreign company in history. [Image text:] SKhynix bepseN
SK Hynix Shares Drop (ORG) Seoul (LOCATION) SK Hynix Inc. (ORG) US (LOCATION) Korea Exchange (ORG) Kospi (PERSON) American (ORG)
Originally published by Bloomberg Markets Read original →